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Admirals Markets Review

Admirals Markets Review

Overall, Admirals is considered average risk, with an overall Trust Score of 84 out of 100. Admirals is licensed by two Tier-1 Regulators (high trust), two Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). Admirals offers six different retail trading accounts namely Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5, Trade.MT4, and Zero.MT4. Admiral Markets is currently not regulated by the CMA of Kenya

Updated : August 30, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

110 KES equivalent to $1

Regulators

FCA, ASIC, CySEC, EFSA, JSC

Trading Desk

• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App

Crypto

Yes

Total Pairs

35 Forex Currency Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Admiral Markets website

Admirals Overview

Admirals Review Overview

 

👉 Admirals does not have a local presence in Nairobi, Kenya and is not regulated by the Capital Markets Authority (CMA). However, the broker is highly regulated by recognized regulatory bodies such as the FCA, ASIC, Cyprus Securities and Exchange Commission (CySEC), EFSA, and JSC.

 

👉 Admirals’ overarching mission is to supply the trading community with functional software and high-quality goods at a clear price and execution level.

 

👉 Admirals is an award-winning multi-jurisdictional broker. They provide a diverse selection of trading goods and platforms to consumers worldwide that are both complicated and user-friendly.

 

👉 This Admirals review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.

 

Distribution of Traders

👉 The distribution of traders with Admirals is as follows:

➡️️ Germany – 12.4%

➡️️ France – 8.8%

➡️️ Spain – 7%

➡️️ Poland – 4.4%

➡️️ Bulgaria – 4%

 

Popularity among traders who choose Admirals

🥇 While Admirals does not have a significant market share in Kenya, the broker still falls within the Top 50 forex brokers for Kenyan traders.

 

Admirals At a Glance

🏛️ HeadquarteredLondon, United Kingdom
🏛️ Local Market Regulator in KenyaCapital Markets Authority (CMA)
👍 Accepts Kenyan Traders?Yes
📅 Year Founded2001
📱 Kenyan Office Contact NumberNone
⚖️ RegulationFCA, ASIC, CySEC, EFSA, JSC
🔎 License Number• Jordan – 57026
• United Kingdom – FRN 595459
• Estonia – 4.1-1/46
• Cyprus – 201/13
• Australia – ABN 63151613839, AFSL 410681
⚖️ CMA RegulationNone
✴️ Regional RestrictionsCanada, United States, Japan, Malaysia, Singapore, and some other countries
☪️ Islamic AccountYes
📈 Demo AccountYes
📈 Retail Investor Accounts6
📊 PAMM AccountsNo
📊 Liquidity ProvidersAdmiral Markets A.S.
💵 Affiliate ProgramYes
📊 Crypto trading offered?Yes
🚀 Offers a KES Account?No
💻 Dedicated Kenyan Account Manager?No
📈 Maximum Leverage1:30 (Retail), 1:500 (Professional)
📈 Leverage Restrictions for Kenya?No
💳 Minimum Deposit (KES)110 KES or an equivalent to $1
💳 Kenyan shilling Deposits Allowed?Yes, but currency conversion fees may apply
💰 Active Kenyan Trader Stats70,000+

💰 Kenya Daily Forex Turnover$100 million+
💳 Deposit and Withdrawal Options• Bank Transfers
• Klarna
• Debit Card
• Credit Card
• PayPal
• Neteller
• Skrill
• SafetyPay
• iBank & BankLink
• iDEAL
• POLi
💰 Segregated Accounts with Kenyan Banks?No
💻 Trading Platforms• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App
💰 Tradable Assets• ESG Trading Instruments
• Forex
• Cryptocurrency CFDs
• Commodities
• Indices
• Stocks
• ETFs
• Bonds
• Spread Betting
🌐 Offers USD/NGN currency pair?No
🌐 USD/NGN Average SpreadN/A
📈 Offers Kenyan Stocks and CFDsNone
👨‍💼 Languages supported on WebsiteEnglish, German, Frenchs, Italian, Romanian, Spanish, Portuguese, Russian, Polish, and several more.
👥 Customer Support LanguagesMultilingual
👥 Customer Service Hours24/5
👥 Kenyan-based customer support?No
💰 Bonuses and Promotions for KenyansNo
✴️ Education for Kenyan beginnersYes
📊 Proprietary trading softwareYes
💰 Most Successful Kenyan TraderPatrick Mahinge (Net Worth – Private)
✔️ Is Admirals a safe broker for Kenyans?Yes
✔️ Rating for Admirals Kenya9/10
✔️ Trust score for Admirals Kenya84%

Admirals Regulation and Safety of Funds

Admirals Review Regulation

 

👉 In various nations, Admirals has been licensed and controlled by recognized bodies since the broker’s inception. Strong security and customer service methods assure the safety of Kenyan traders when they utilize their services.

 

👉 In addition, Admirals publishes clear data about its financial records that Kenyan traders may access at any given moment. The rules and permissions that Admirals possesses include:

➡️️ As a limited liability company in the United Kingdom, Admiral Markets UK Ltd is registered at Companies House under registration number 08171762. The Financial Conduct Authority (FCA) has authorized and regulated Admiral Markets UK Ltd under registration number 595450. 

➡️️ At the Registry of Companies and Official Receiver, Admiral Markets Cyprus Ltd is registered with company registration number 310328. Cyprus Securities and Exchange Commission (CySEC) license number 201/13 is the license number assigned to Admiral Markets Cyprus Ltd. 

➡️️ When it comes to doing financial services business in Australia, Admiral Markets Pty Ltd (ABN 631151613839) has a restricted Australian Financial Services Licence (AFSL) that covers just the financial products and services listed on its AFSL no. 410681.

➡️️ The Jordan Securities Commission (JSC) of the Hashemite Kingdom of Jordan has authorized and regulated Admiral Markets AS Jordan Ltd to carry on investment activities under registration number 57026. 

➡️️ Admirals also has a presence in South Africa under Admirals SA (Pty) Ltd, which is registered through the Companies and Intellectual Property Commission (CIPC) with registration number – 2019 / 620981 / 07. The Financial Sector Conduct Authority has approved Admirals SA (Pty) Ltd as an authorized financial services provider that can offer financial services and products to South African traders under license FSP51311.

➡️️ The broker is regulated and permitted by the Estonian Financial Supervision Authority (EFSA license No 4.1-1/46) in the European Union and the European Economic Area (EEA) cross-border basis to carry out the major investment and brokerage operations.

 

👉 Admiral Markets AS is recognized by the public as a corporation with an exceptional reputation for providing high-quality services, financial stability, and investment security. Three of Admiral Markets’ subsidiaries are completely compliant with the Directive on Markets in Financial Instruments 2014/65/EU, also known as MiFID II.

 

👉 FCA requirements mandate that all client money be held in a European Economic Area-approved credit institution apart from Admirals’ own assets. As a result of this arrangement, Admirals is unable to access any of the money that its customers have provided.

 

👉 In addition, UK insolvency law protects client payments in the event of a company’s bankruptcy from ordinary creditors. Admirals complies with FCA requirements by doing daily money reconciliations for its customers. Because of this method, segregated bank accounts represent the customer’s assets accurately.

 

👉 Customers’ trading funds are thus known as “client money” as a whole. Client money asset returns (CMARs), which the FCA mandates Admirals submit monthly, are an important part of Admirals’ compliance obligations.

 

👉 A yearly audit of Admirals’ money management and control systems is performed by its auditors, who are accountable to the FCA. As a result of financial institutions going down, this group was formed to protect the interests of its customers.

 

👉 The FSCS would reimburse qualifying customers up to £85,000 if a broker goes out of business due to a lack of segregated client assets. In the event of a PRA-regulated bank’s collapse, it must pay up to £85,000 in compensation to its customers.

 

👉 In the event of a bank collapse, depositors are paid via deposit insurance programs (DGS). Up to €100,000 in savings are protected through EU law-mandated deposit guarantee schemes.

 

👉 National organizations in Europe have, however, agreed on a set of minimum standards at the EU level. Each depositor is covered by EU legislation to the extent of €100,000 per account. Some states have savings banks, cooperative banks, public sector banks, and private banks, just to name a few.

Admirals Account Types and Features

Admirals Review Account Types

 

👉 Kenyans can choose from six retail investor accounts at Admirals based on their specific trading requirements and ambitions. As a result of Admirals’ customizable account structure, any sort of trader can benefit from the comprehensive trading services and solutions that are offered.

➡️️ Trade.MT5

➡️️ Invest.MT5

➡️️ Zero.MT5

➡️️ Bets.MT5

➡️️ Trade.MT4

➡️️ Zero.MT4

 

Live Trading Accounts

Trade.MT5

👉 This is the typical account type that offers standard trading conditions and features to most Kenyan retail traders.

Account FeatureValue
💰 Minimum Deposit28,000 KES or an equivalent to $250
💵 Account Base CurrencyEUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON
📊 Range of Markets Offered• Currencies – 40
• Metal CFDs – 5
• Energy CFDs – 3
• Agriculture CFDs – 7
• Index Futures CFDs – 24
• Commodity Futures – 11
• Cash Index CFDs – 19
• Stock CFDs – over 3,350
• ETF CFDs – over 300
Bonds CFDs – 2
📈 Leverage on ForexRetail leverage from 1:20 to 1:30, professional up to 1:500
📈 Leverage on IndicesRetail leverage from 1:10 up to 1:20, professional up to 1:500
💻 Average SpreadFrom 0.5 pips on major pairs
💸 Commissions charged on trades• $0.02 per share on individual shares and ETF CFDs
• Zero commissions on other tradable instrument
✔️ Tick Size on Forex0.00001
📊 Trade Execution TypeMarket
📉 Minimum Position Size0.01 lots
📈 Maximum Position Size100 standard lots
📊 Maximum Open and Pending Orders500 standard lots
🛑 Stop-Out Level50%
📊 Negative Balance Protection offered?Yes
☪️ Islamic Account offered?Yes
✔️ One-Click TradingYes
💰 Volatility ProtectionYes
📊 Market DepthYes
🗞 Market NewsYes
📊 Market AnalysisYes
🗓 Economic CalendarYes
✔️ Access to Trading Central?Yes

 

Invest.MT5

👉 This is a dedicated account for Kenyan investors who want exposure to a wide range of shares from companies and stock exchanges worldwide.

Account FeatureValue
💰 Minimum Deposit110 KES equivalent to $1
💵 Account Base CurrencyEUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON
📊 Range of Markets Offered• Stock CFDs – over 4,350
• ETF CFDs – over 200
📈 Leverage on ForexNone
📉 Leverage on IndicesNone
📈 Average SpreadFrom 0.0 pips
💳 Commissions charged on trades• $0.02 per share on individual shares and ETF CFDs
✔️ Tick Size on ForexNone
💻 Trade Execution TypeExchange
💰 Minimum Position SizeNone
💰 Maximum Position SizeNone
💵 Maximum Open and Pending Orders500 standard lots
🛑 Stop-Out LevelNone
📉 Negative Balance Protection offered?No
☪️ Islamic Account offered?No
📲 One-Click TradingYes
🛡 Volatility ProtectionYes
📊 Market DepthYes
🗞 Market NewsYes
📊 Market AnalysisYes
🗓 Economic CalendarYes
📍 Access to Trading Central?Yes

 

Zero.MT5

👉 Experienced traders, and even professional traders, who need the greatest trading conditions, features, and competitive advantage may consider opening a Zero MetaTrader 5 account.

Account FeatureValue
💰 Minimum Deposit28,000 KES equivalent to $250
💵 Account Base CurrencyEUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON
📊 Range of Markets Offered• Currencies – 45
• Metal CFDs – 3
• Energy CFDs – 3
• Cash Index CFDs – 10
📈 Leverage on ForexRetail leverage from 1:20 to 1:30, professional up to 1:500
📉 Leverage on IndicesRetail leverage from 1:10 up to 1:20, professional up to 1:500
📈 Average SpreadFrom 0.0 pips on major pairs
💳 Commissions charged on trades• From $1.8 to $3 per standard lot on Forex and Metals
• From $0.05 to $3 per standard lot on Cash Indices
• $1 per standard lot on Energies
✔️ Tick Size on Forex0.00001
💻 Trade Execution TypeMarket
💰 Minimum Position Size0.01 lots
💰 Maximum Position Size200 standard lots
💵 Maximum Open and Pending Orders500 standard lots
🛑 Stop-Out Level50%
📉 Negative Balance Protection offered?Yes
☪️ Islamic Account offered?No
📲 One-Click TradingYes
🛡 Volatility ProtectionYes
📊 Market DepthYes
🗞 Market NewsYes
📊 Market AnalysisYes
🗓 Economic CalendarYes
📍 Access to Trading Central?Yes

 

Bets.MT5

👉 This is a dedicated account for UK Residents who want to participate in spread betting through Admirals.

Account FeatureValue
💰 Minimum Deposit100 GBP
💵 Account Base CurrencyGDP
📊 Range of Markets Offered35 Forex Currency Pairs
📈 Leverage on ForexRetail leverage from 1:20 to 1:30, professional up to 1:500
📉 Leverage on IndicesNone
📈 Average SpreadFrom 0.5 pips on major pairs
💳 Commissions charged on tradesNone
✔️ Tick Size on Forex0.00001
💻 Trade Execution TypeMarket
💰 Minimum Position Size0.01 lots
💰 Maximum Position SizeNone
💵 Maximum Open and Pending Orders500 standard lots
💵 Maximum Bet Size or Stake Size100
🛑 Stop-Out Level50%
📉 Negative Balance Protection offered?Yes
☪️ Islamic Account offered?No
📲 One-Click TradingYes
🛡 Volatility ProtectionYes
📊 Market DepthYes
🗞 Market NewsYes
📊 Market AnalysisYes
🗓 Economic CalendarYes
📍 Access to Trading Central?Yes

 

Trade.MT4

👉 This is a basic trading account that is supplied in conjunction with the usage of MetaTrader 4, which provides Kenyan traders with competitive trading conditions as well as a variety of additional features.

Account FeatureValue
💰 Minimum Deposit28,000 KES equivalent to $250
💵 Account Base CurrencyEUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON
📊 Range of Markets Offered• Currencies – 37
• Metal CFDs – 4
• Energy CFDs – 3
• Index Futures CFDs – 3
• Cash Index CFDs – 16
• Stock CFDs – 230
• Bonds CFDs – 2
📈 Leverage on ForexRetail leverage from 1:20 to 1:30, professional up to 1:500
📉 Leverage on IndicesRetail leverage from 1:10 up to 1:20, professional up to 1:500
📈 Average SpreadFrom 0.5 pips on major pairs
💳 Commissions charged on trades• $0.02 per share on individual shares and ETF CFDs
• Zero commissions on other tradable instruments
✔️ Tick Size on Forex0.00001
💻 Trade Execution TypeMarket
💰 Minimum Position Size0.01 lots
💰 Maximum Position Size100 standard lots
💵 Maximum Open and Pending Orders500 standard lots
🛑 Stop-Out Level50%
📉 Negative Balance Protection offered?Yes
☪️ Islamic Account offered?No
📲 One-Click TradingYes
🛡 Volatility ProtectionYes
📊 Market DepthNo
🗞 Market NewsYes
📊 Market AnalysisYes
🗓 Economic CalendarYes
📍 Access to Trading Central?Yes

 

Zero.MT4

👉 The MetaTrader 4 Zero Account provides experienced and advanced traders with a variety of tools and competitive trading conditions that enable them to engage in a variety of trading tactics, including high-frequency trading, algorithmic trading, and several others.

Account FeatureValue
💰 Minimum Deposit28,000 KES equivalent to $250
💵 Account Base CurrencyEUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON
📊 Range of Markets Offered• Currencies – 45
• Metal CFDs – 3
• Cash Index CFDs – 10
• Energy CFDs – 3
📈 Leverage on ForexRetail leverage from 1:20 to 1:30, professional up to 1:500
📉 Leverage on IndicesRetail leverage from 1:10 up to 1:20, professional up to 1:500
📈 Average SpreadFrom 0.0 pips on major pairs
💳 Commissions charged on trades• From $1.8 to $3 per standard lot on Forex and Metals
• From $0.05 to $3 per standard lot on Cash Indices
• $1 per standard lot on Energies
✔️ Tick Size on Forex0.00001
💻 Trade Execution TypeMarket
💰 Minimum Position Size0.01 lots
💰 Maximum Position Size200 standard lots
💵 Maximum Open and Pending Orders200 standard lots
🛑 Stop-Out Level50%
📉 Negative Balance Protection offered?Yes
☪️ Islamic Account offered?No
📲 One-Click TradingYes
🛡 Volatility ProtectionYes
📊 Market DepthNo
🗞 Market NewsYes
📊 Market AnalysisYes
🗓 Economic CalendarYes
📍 Access to Trading Central?Yes

 

Demo Account

Admirals Review Demo Account

 

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 There is a certain degree of risk involved when trading financial markets and Admirals offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

Islamic Account

Admirals Review Islamic Account

 

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 Muslim traders who reside in Kenya may change their Trade.MT5 account to an Islamic account, gaining access to the following features:

➡️️ No interest or swap adjustments on overnight holdings

➡️️ Islamic Accounts are available to both retail and professional traders

➡️️ There are no spread widening or upfront costs

➡️️ Traders may anticipate the same trading circumstances as with standard accounts

➡️️ There are no limitations on trading style, strategy, or usage of Expert Advisors.

 

👉 Muslim traders in Kenya are subject to an Islamic Account Administration fee that is assessed after a certain holding term for each item. The following table summarizes the holding time and average charges per instrument, with a complete list accessible on Admirals’ official website:

➡️️ Agricultural CFDs – 3 Days, from $0.1 up to $2.

➡️️ Cash Indices CFDs – between 3 to 10 days, ranging from $0.1 up to $3.

➡️️ Cryptocurrencies – after 1 day, from $0.01 up to $22.

➡️️ Energies – after 3 days, from $3 to $10.

➡️️ ETF CFDs – after 3 days, from $0.01 to $0.1.

➡️️ Forex, between 1 day and 10 days, from $3 to $113.

➡️️ Precious Metals – between 3 to 10 days, from $0.5 to $15.

➡️️ Stock CFDs – from 3 days, between $0.01 to $0.6

Admirals Account Registration

Admirals Review Account Registration

 

👉 Admirals’ account opening procedure is straightforward. There is a brief online form that can be completed in a matter of minutes, allowing traders access to the Admirals Trader’s Room.

 

👉 After that, you must validate your email address and submit a piece of identification such as a passport or driver’s license, as well as a current utility bill, to establish your residence. Once the accounts staff has validated your papers, you may fund your account and begin trading.

Overall Rating

Min Deposit

110 KES equivalent to $1

Regulators

FCA, ASIC, CySEC, EFSA, JSC

Trading Desk

• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App

Crypto

Yes

Total Pairs

35 Forex Currency Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Admiral Markets website

Admirals Vs FBS Vs TD Ameritrade – Broker Comparison

AdmiralsFBSTD Ameritrade
⚖️ RegulationFCA, ASIC, CySEC, EFSA, JSCIFSC, CySEC

SEC, SFC, FINRA
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• Admirals Mobile Ap
• MetaTrader 4
• MetaTrader 5
FBS Trader
• CopyTrade
TD Ameritrade Web
TD Ameritrade Mobile
• thinkorswim mobile
• thinkorswim web
💰 Withdrawal FeeYesYesNo
📈 Demo AccountYesYesYes
📊 Min Deposit110 KES110 KES110 KES
💰 Leverage

• 1:30 Retail
• 1:500 Professional
Up to 1:3000
1:2
💳 SpreadFrom 0.0 pipsFrom 0.0 pipsNone
✴️ CommissionsFrom $0.02From $6From $0
💳 Margin Call/Stop-OutStop-out from 50%40% and 20%None
📊 Order ExecutionMarket/ExchangeSTP, ECNNone
💰 No-Deposit BonusNoYesNo
💰 Cent AccountsNoYesNo
📊 Account Types• Trade.MT5
• Invest.MT5
• Zero.MT5
• Bets.MT5
• Trade.MT4
• Zero.MT4
FBS Cent Account
• FBS Micro Account
• FBS Standard
Account
• FBS Zero Account
• FBS ECN Account
• FBS Crypto Account
• Standard Accounts
• Retirement Accounts
• Education Accounts
• Speciality Accounts
• Managed Profiles
• Margin Trading Account
⚖️ CBN RegulationNoNoNo
💵 NGN DepositsYesYesNo
💳 Nigerian Naira AccountNoNoNo
👥 Customer Service Hours24/5
24/7
24/7
🛍 Retail Investor Accounts662
☪️ Islamic AccountYesYesNo

Admirals Trading Platforms

Admirals Review Trading Platforms

 

👉 Admirals offers Kenyan traders a choice between these trading platforms:

➡️️ MetaTrader 4

➡️️ MetaTrader 5

➡️️ Admirals App

 

Desktop Platforms

➡️️ MetaTrader 4

➡️️ MetaTrader 5

 

MetaTrader 4

👉 MetaTrader 4 (MT4) is a forex and contract for difference (CFD) trading platform that enables traders to analyse real-time charts and trade financial products across different marketplaces. It is completely free to use and appropriate for traders of all experience levels, with a simple interface and the ability to be customized to your tastes.

 

MetaTrader 5

👉 MetaTrader 5 is the world’s most popular multi-asset trading platform, used by traders and investors worldwide to trade forex, CFDs, exchange-traded instruments, and futures. The platform features comprehensive charting and trading capabilities, as well as alternatives for automated trading.

 

WebTrader Platforms

➡️️ MetaTrader 4

➡️️ MetaTrader 5

 

MetaTrader 4

👉 MT4 has a plethora of complex trading tools and processes, such as technical analysis indicators, trading strategy templates, automated trading, and one-click trading. Additionally, it supports over 30 different languages.

 

👉 The benefit when using MetaTrader 4 WebTrader is that Kenyan traders need not install the software on their desktop; they can use the platform on a computer or smartphone connected to the Internet at any given time.

 

MetaTrader 5

👉 The MetaTrader 5 WebTrader is the MetaTrader platform, except it works entirely inside your browser, without the need to download any software. There is no special operating system needed, and it may be started from anywhere with an internet connection at any time.

 

Trading App

➡️️ Admirals App

➡️️ MetaTrader 4

➡️️ MetaTrader 5

 

Admirals app

👉 Admirals enables mobile trading from almost any Android or iOS smartphone. This top-of-the-line program is ideal for traders interested in not only placing orders through mobile devices but also doing basic technical analysis on a fully-featured chart that is conveniently located in their pockets.

 

MetaTrader 4 and 5

👉 MetaTrader 5 (MT5) is a little more sophisticated version of MetaTrader 4 (MT4) that incorporates a few new features, even with the mobile trading app for Kenyans. It includes a wider range of periods, more sophisticated charting and trading tools, level II pricing, and free market data/news.

 

👉 However, despite this, MetaTrader 4 still reigns as the most popular trading platform and mobile app, featuring a wide range of functions, tools, and features that Kenyans can use in their daily trading activities.

 

👉 Simply download and install MetaTrader 4 or MetaTrader 5 on any iOS or Android device and log in to your account to begin trading.

 

Range of Markets

👉 Kenyan traders can expect the following range of markets from Admirals:

➡️️ ESG Trading Instruments

➡️️ Forex

➡️️ Cryptocurrency CFDs

➡️️ Commodities

➡️️ Indices

➡️️ Stocks

➡️️ ETFs

➡️️ Bonds

➡️️ Spread Betting

Broker Comparison for Range of Markets

ACY SecuritiesCM TradingRoboForex
💰ForexYesYesYes
🔨 Precious MetalsYesYesNo
💰 ETFsYesNoYes
📊 CFDsYesYesNo
📈 IndicesYesYesNo
💵 StocksYesYesYes
💳 CryptocurrencyYesYesYes
💰 OptionsNoNoYes
💸 BondsYesNoYes
🔋 EnergiesYesNoYes

Admirals Trading and Non-Trading Fees

Spreads

👉 Admirals’ varying spreads are as follows:

➡️️ Trade.MT5 – from 0.5 pips

➡️️ Invest.MT5 – from 0.0 pips

➡️️ Zero.MT5 – from 0.0 pips

➡️️ Bets.MT5 – from 0.5 pips

➡️️ Trade.MT4 – from 0.5 pips

➡️️ Zero.MT4 – from 0.0 pips

 

Commissions

👉 Admirals’ trading accounts are subject to the following commissions:

AccountCommissions charged on trades
Trade.MT5

$0.02 per share on individual shares and ETF CFDs
Invest.MT5$0.02 per share on individual shares and ETF CFDs
Zero.MT5• From $1.8 to $3 per standard lot on Forex and Metals
• From $0.05 to $3 per standard lot on Cash Indices
• $1 per standard lot on Energies
Trade.MT4$0.02 per share on individual shares and ETF CFDs
Zero.MT4• From $1.8 to $3 per standard lot on Forex and Metals
• From $0.05 to $3 per standard lot on Cash Indices
• $1 per standard lot on Energies

 

Overnight Fees, Rollovers, or Swaps

👉 Overnight fees are assessed on traders who maintain open positions for more than 24 hours. Admirals charges an overnight fee based on the size of the position, the instrument, and other variables.

 

👉 Some typical overnight fees are as follows:

➡️️ Forex – e.g. EUR/USD – a long swap of -0.674 and a short swap of 0.054 with triple swaps on Wednesdays.

➡️️ Crypto – e.g. BTC/USD – a long swap of -0.05583 and a short swap of -0.05528 with no triple swaps.

➡️️ Agricultural Commodities – e.g. Cocoa (1 metric ton) – a long swap of -0.04197 and a short swap of 0.01419 with triple swaps on Friday.

➡️️ Energies – e.g. Brent Crude Oil (100 barrels) – a long swap of 0.03506 and a short swap of -0.06081 with triple swaps applied on Fridays.

➡️️ Precious Metals – e.g. Gold – a long swap of -14.21 and a short swap of -10.618 with 3-day swaps every Wednesday.

➡️️ Precious Metals – e.g. Silver – a long swap of -0.214 and a short swap of -0.186 with triple swaps applied to open positions every Wednesday.

➡️️ NASDAQ100 Index CFDs – a long swap of -0.00917 and a short swap of -0.0075 with triple swaps applied every Friday.

➡️️ Shares – e.g. Alphabet, Inc. (GOOGL) – a long swap of -0.01689 and a short swap of -0.01644, with triple swaps every Friday.

➡️️ ESG Shares – e.g. NVIDIA Corp (NVDA) – a long swap of -0.01689 and a short swap of -0.01644, with triple swaps every Friday.

➡️️ ETF CFDs – e.g. Vanguard Total International Stock (VXUS) – a long swap of -0.01689 and a short swap of -0.01644, with triple swaps every Friday.

 

Deposit and Withdra

wal Fees

👉 Admirals charges deposit fees on the following payment methods:

➡️️ Skrill – 0.9% along with a minimum of 1 currency unit in EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.

➡️️ Neteller – 0.9% along with a minimum of 1 currency unit in EUR or GBP.

👉 Kenyans enjoy one free withdrawal every month with Admirals. If traders withdraw more than this, Admirals imposes the following withdrawal fees:

➡️️ Bank Transfers – if traders withdraw more than once, they are subjected to a fee of 10 USD, or an equivalent in EUR, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.

➡️️ PayPal – 1% with a minimum of 1 currency unit in EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.

➡️️ Skrill – 1% with a minimum of 1 currency unit in EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.

➡️️ Neteller – 1% with a minimum of 1 currency unit in EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON.

➡️️ iBank and BankLink – 0.5% with a minimum of 1 currency unit in CNY, IDR, MYR, THB, VND.

 

Other Fees

👉 Admirals imposes the following administrative fees on the Islamic Account:

➡️️ Agricultural CFDs – 3 Days, from $0.1 up to $2.

➡️️ Cash Indices CFDs – between 3 to 10 days, ranging from $0.1 up to $3.

➡️️ Cryptocurrencies – after 1 day, from $0.01 up to $22.

➡️️ Energies – after 3 days, from $3 to $10.

➡️️ ETF CFDs – after 3 days, from $0.01 to $0.1.

➡️️ Forex, between 1 day and 10 days, from $3 to $113.

➡️️ Precious Metals – between 3 to 10 days, from $0.5 to $15.

➡️️ Stock CFDs – from 3 days, between $0.01 to $0.6

 

👉 Additionally, Kenyan traders should be aware that an inactivity fee of ten euros per month is applied if the trading account is idle for two years. Additionally, Kenyans are charged a 0.3% currency conversion fee when they fund the trading account with KES or any other currency other than EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, or RON.

 

👉 In addition, Kenyan traders must note that an inactivity fee of $10 is charged per month if the trading account becomes dormant after two years.

Admirals Deposits and Withdrawals

Admirals Review Deposits and Withdrawals

 

👉 Admirals offers the following deposit and withdrawal methods:

➡️️ Bank Transfers

➡️️ Klarna

➡️️ Debit Card

➡️️ Credit Card

➡️️ PayPal

➡️️ Neteller

➡️️ Skrill

➡️️ SafetyPay

➡️️ Przelewy

➡️️ iBank & BankLink

➡️️ iDEAL

➡️️ POLi

 

How to Deposit Funds with Admirals

👉 The broker will need to validate your account before you may deposit any money into your account. Subsequently, Admirals will use the KYC procedure to verify your identity and safeguard your account. Once complete, you can deposit your trading platform or Trader’s Room on the website.

 

👉 You can simply log into your account, select the option to deposit and choose a deposit method from the list provided. Next, you can indicate the amount you want to deposit and the deposit currency.

 

👉 Some payment providers may require additional steps to verify and confirm the deposit before you can transfer funds from your bank account into your Admirals account.

 

Admirals Fund Withdrawal Process

👉 It is simple to get cash out of your Admiral markets account. The first two withdrawals of the month are completely free of charge for you to make whenever you choose.

 

👉 After then, each withdrawal is subject to a charge, which starts at $1. You must be the account holder to request a withdrawal, and there may be a waiting period on withdrawals depending on when you submitted a withdrawal request and which method you used to make a withdrawal.

Admirals Education and Research

Admirals Review Education and Research

 

👉 Admirals offers the following Educational Materials:

➡️️​ Forex and CFD webinars

➡️️​ Frequently Asked Questions

➡️️​ Trader’s Glossary

➡️️​ Risk Management Guide

➡️️​ Articles and Tutorials

➡️️​ Zero To Hero

➡️️​ Forex 1010

➡️️​ Trading Videos

➡️️​ eBooks

 

👉 Admirals offers Kenyan traders the following Research and Trading Tools:

➡️️​ Global Market Updates

➡️️​ Premium Analytics

➡️️​ Fundamental Analysis

➡️️​ Technical Analysis

➡️️​ Forex Calendar

➡️️​ Trading Central

➡️️​ Trading News

➡️️​ Market Heat Map

➡️️​ Market Sentiment

➡️️​ Weekly Trading Podcast

Admirals Bonuses and Promotions

Admiral Review Bonuses And Promotions

 

👉 Admirals provides a Referral Program to Kenyan traders, which enables them to share a unique link with their friends and relatives. If the referral opens and funds a live trading account with Admirals and executes at least one transaction, both the referrer and their referral will get 15 currency units in USD, GBP, or EUR.

Overall Rating

Min Deposit

110 KES equivalent to $1

Regulators

FCA, ASIC, CySEC, EFSA, JSC

Trading Desk

• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App

Crypto

Yes

Total Pairs

35 Forex Currency Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Admiral Markets website

How to open an Affiliate Account with Admirals

Admirals Review Affiliate Program

 

👉 To become an affiliate with Admirals, Kenyans can:

➡️️ Join Admirals as a Forex affiliate and obtain access to the affiliate site.

➡️️ Choose an offer that includes promotional materials that is a good fit for you and your audience.

➡️️ Promote Admirals on your website or platform by including promotional materials supplied by Admirals.

➡️️ Earn commissions (up to $600) on each customer brought to Admirals via one of the top CPA affiliate systems on the market.

 

Admirals Affiliate Program Features

👉 The features of the affiliate program offered by Admirals is:

➡️️ Website Publishers

➡️️ Mobile Marketers

➡️️ Media Buyers

➡️️ Digital Marketers

➡️️ Webmasters

➡️️ Affiliate Network Members

➡️️ Social Media Influencers

 

👉 The following are the perks of being an Admirals affiliate:

➡️️ Earn commissions of up to $600

➡️️ Transparent statistics and reporting enable affiliates to easily track and collect their commissions.

➡️️ The assurance that affiliates are working with a reputable and regulated brand

➡️️ The ability to accelerate results using conversion-optimized banners, widgets, booklets, and other materials

➡️️ Dedicated affiliate specialist support to assist affiliates

➡️️ Unrestricted access to the Affiliates Portal 24 hours a day, 7 days a week

 

Admirals Corporate Social Responsibility

👉 Admirals achieved carbon neutrality as a firm in 2020, and as a forward-thinking organization, their objective is to take sustainability to the next level via their dedication to becoming a completely ESG-compliant organization.

 

👉 They will be the first to establish a connection between the world of financial trade and environmental activities. They emphasize energy efficiency in their workplaces and when feasible, they use renewable energy.

 

👉 Admirals organizes tree-planting programs in the areas it serves. Additionally, they prioritize recycling and waste reduction initiatives throughout all its locations. They are presently aiming to provide customers with more sustainable investment possibilities via their investing efforts.

 

👉 Their primary concerns are with the future of our community – their customers, co-workers, business partners, and stockholders. Admirals acts sustainably and with regard for future generations. They are continuing their environmental endeavours and are continually looking for ways to improve existing ESG efforts.

 

👉 Small, regular actions have significant long-term effects. They continue to work to motivate the trade community to make a good difference in the world. Admirals enables you to trade Green from anywhere and at any time.

Verdict on Admirals

👉 Admiral Markets is a privately held company that does not run a bank. Admiral Markets is regarded to be an average risk investment, having earned an overall Trust Score of 84 out of 99.

 

👉 As a result of its rapid expansion, Admiral Markets now holds regulatory licenses in the UK, Australia, Estonia, Cyprus, and throughout continental Europe. Admiral Markets was founded in 2001. There are over 200 employees, over 22,000 active customers, and over €36 million in Total Tier 1 capital in the broker’s portfolio.

 

👉 Since its inception in 2001, Admiral Markets has grown to be a well-respected broker. For a variety of reasons, this broker is preferred by traders throughout the globe. Users may establish an account quickly and easily with a variety of options to select from.

 

👉 The MT4, MT5 platforms and Admirals trading app, which enable traders to access both conventional and sophisticated trading capabilities, are always a bonus. Although the broker offers a wide range of products, it is impossible to trade the underlying asset directly when trading cryptocurrencies.

Admiral Current Popularity Trends

👉 According to Google Trends, Admiral has seen an increase in Google Searches in the past month. 

 

Admiral Current Popularity Trends

Overall Rating

Min Deposit

110 KES equivalent to $1

Regulators

FCA, ASIC, CySEC, EFSA, JSC

Trading Desk

• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App

Crypto

Yes

Total Pairs

35 Forex Currency Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Admiral Markets website

Admiral Pros and Cons

✔️ Pros❌ Cons
Admirals is extremely well-regulated across the globeAn inactivity fee is charged, and currency conversion fees may apply for deposits made in KES
A commission-free trading account is providedThere are withdrawal fees charged
There are several asset classes to choose fromThere are additional admin fees applied to the Islamic account
Admirals is one of a few brokers who offer MetaTrader SupremeOnly one account type can be converted into an Islamic account
There are premium analytics and a plethora of educational materials and resources
Admirals offers a choice between 6 retail trading accounts
Admirals is known for its competitive trading conditions and safe trading environment
Admirals welcomes Kenyan traders despite their trading styles or experience

Frequently Asked Questions

Is Admirals regulated and by whom?

Yes, Admirals is a well-regulated broker that holds licenses through FCA, ASIC, CySEC, EFSA, JSC, and FSCA.

 

Is Admirals a fake or a scam broker?

Admirals is not a fake or a scam broker. Admirals is a medium-trust forex and CFD broker with Tier-1, 2, and 3 regulations.

 

Which trading platforms are supported by Admirals?

Admirals supports the following trading platforms:

  • MetaTrader 4
  • MetaTrader 5
  • Admirals Mobile App

 

Does Admirals offer leverage and what is the maximum leverage ratio offered?

Yes, Admirals offers leverage. However, there are restrictions on leverage for retail traders, which is up to 1:30. Professional traders, however, have access to leverage up to 1:500.

 

What is the overall rating for Admirals?

We give Admirals an overall rating of 9/10 because of its high trust score (84%), range of investments, commissions and fees, platforms and tools, mobile trading apps, educational material, and research tools.

 

Is Admirals suitable for both beginner and professional traders?

Yes, Admirals offers a myriad of educational materials and research tools for both beginners and professional Kenyan traders.

Conclusion

👉 Now it is your turn to participate:

➡️️ Do you have any prior experience with Admirals?

➡️️ What was the determining factor in your decision to engage with Admirals?

➡️️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️️ Have you experienced any issues with Admirals such as difficulty withdrawing funds, inability to verify regulation, irresponsive customer support, etc.?

 

👉 Regardless, please share your thoughts in the comments below.

 

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

9/10 - (17 votes)